NSE and BSE will be closed today in observance of Maharashtra Day.
Today is a trade holiday due to Maharashtra Day, hence there will be no trading at the BSE (Bombay Stock Exchange) or NSE (National Stock Exchange) on May 1, 2023. This indicates that there won't be any trading today at the Indian stock market. The full Monday session, or May 1, 2023, will see no trading on the BSE or NSE in accordance with the list of stock market holidays for that month.
According to the list of stock market holidays for 2023, which is posted on the BSE's official website, bseindia.com, there won't be any trading today in the equity, equity derivative, or SLB segments. The Indian stock market will also continue to have trading restrictions today in order to observe Maharashtra Day.
Does today's commodity market open?
Trading will remain stopped in the morning session, or from 9:00 AM to 5:00 PM, in the Commodities Derivatives Segment and the Electronic Gold Receipts (EGR) Segment, but it will restart in the evening session at 5:00 PM. This means that from 9:00 AM to 5:00 PM, there won't be any trading on the MCX (Multi Commodities Exchange) or NCDEX (National Commodity Exchange).
Holidays on the stock market in May 2023
There will only be one trading holiday in May, and that day is today, when there won't be any activity at the NSE or BSE, according to the list of stock market holidays falling in the month of May. The following stock market holiday will be on June 28, 2023, in observance of Bakri Id.
There will not be a stock market holiday in July of this year following Bakri Id because the celebration of Independence Day will take place on August 15th, 2023.
timing the stock market
The Indian stock market opens at 9:15 AM on regular days, and trading at the NSE and BSE lasts until 3:30 PM. Pre-open session begins in the morning at 9:00 AM and ends at 9:15 AM after 15 minutes.
Trading in the commodity category starts at 9:00 AM on the MCX and NCDEX. The morning and evening trading hours are used for the commodity market. The morning sessions of the commodity markets start at 9:00 AM and terminate at 5:00 PM, while the evening sessions start at 5:00 PM and end at 11:00 PM or 11:30 PM, depending on the guidelines set forth by the market bodies.
The Indian stock market appears to have gained rapid upward momentum in the latter two sessions of the previous week after first exhibiting a moderate upward trend earlier in the week. While the BSE Sensex gained 463 points and closed at 61,112 levels, the NSE Nifty closed 149 points higher at 18,065 levels. The Bank Nifty index increased by 233 points to settle at 43,233. On Friday of last week, the broad market saw a small-cap index increase of 0.91 percent and a mid-cap index increase of 1.32%.